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WEEKLY SNAPSHOT
Note: Last Price mentioned in Weekly Returns table are as observed on 17th August, 11:59 AM IST and in the Top 3 Alt Coins table are as observed on 6th August, 11:59 PM IST.
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CRYPTO NEWS
Markets remained volatile as softer U.S. inflation, PPI, retail-sales and sentiment data reduced expectations for a September Fed hike. U.S. equities touched fresh records, gold and silver strengthened, while Bitcoin stayed around the low-$63K area amid renewed ETF outflows. Oil and the U.S.–Iran/Hormuz situation remained the biggest macro risks.
1. Crypto Markets
Bitcoin failed to sustain the $65,000 area and traded around $63,300 on August 17. Glassnode described the recovery as tentative: taker demand improved and downside hedging eased, but spot liquidity and on-chain activity remained subdued.
Source: Glassnode, market data
2. BTC & ETH ETF Flows
U.S. spot Bitcoin ETFs recorded approximately $385.2 million in net outflows from August 10–14, including $144.6 million on August 10 and $131.1 million on August 13. Ether ETFs were broadly flat for the week, with roughly $3 million in net outflows and zero net flow on August 14.
Source: Farside Investors
3. On-Chain & Altcoins
Bitcoin’s underlying demand remained mixed. Glassnode reported stronger taker activity but weak spot liquidity and subdued on-chain activity, while CryptoQuant noted BTC falling back toward the lower part of its recent range after failing near $64,900. Altcoin participation remained selective rather than broad enough to indicate a sustained altcoin season.
Source: Glassnode, CryptoQuant
4. U.S. Inflation & Fed Outlook
July CPI rose just 0.1% MoM and 3.4% YoY, while core CPI increased 0.2% monthly and 2.5% annually. PPI was flat MoM, versus expectations for an increase. Combined with weak July employment data, retail sales and consumer sentiment, the probability of a September Fed hike fell to roughly 30%.
Source: U.S. BLS, Reuters
5. U.S. Markets
The S&P 500 hit a fresh record during the week, supported by softer inflation and technology stocks. The index gained around 0.4% for the week.Sandisk and Micron gained on AI-storage optimism.
Source: Reuters, company updates
6. Nvidia & OpenAI
Nvidia reportedly reduced its proposed OpenAI-related financing guarantee from as much as $250 billion to below $120 billion, while continuing to explore AI infrastructure investments.
Source: Reuters, WSJ
7. Gold & Silver
Gold climbed back above $4,400 per ounce as the dollar weakened and Fed hike expectations declined. Silver rose around 1.5% to $65.60 on August 17. Precious metals continue to benefit from lower rate expectations and geopolitical uncertainty, although elevated yields remain a risk.
Source: Reuters
8. Oil & Global Macro
Brent remained volatile as U.S.–Iran negotiations and Strait of Hormuz uncertainty kept energy-supply risks elevated.
Source: Reuters, IEA
9. Crypto Regulation
The U.S. Senate delayed progress on the Clarity Act until September, reducing expectations for an immediate regulatory catalyst. The SEC also postponed a meeting on proposed crypto exemptions that could make capital raising easier for digital-asset startups.
Source: Reuters, SEC
OPTIONS OI ANALYTICS FOR UPCOMING WEEK
OI Analytics for the upcoming week: BTCUSD
Call and put open interest are both heavily concentrated at the $65,000 strike, making it the key options pivot for the week. While higher call OI suggests resistance near $65,000, substantial put OI at the same strike points to strong two-sided positioning and expectations of consolidation around this level. On the downside, notably put OI around $60,000 highlights an important support zone. The PCR at 1.01 indicates broadly neutral sentiment, while max pain at $64,500 further reinforces the $64,500–$65,000 region as the key expiry zone.
OI Analytics for the upcoming week: ETHUSD
For ETH, open interest is concentrated around the $1,900 strike, with sizable positioning on both calls and puts, making it the key near-term pivot. Above spot, the largest call OI sits around $1,940, followed by $1,960 and $2,000, highlighting these levels as important resistance zones. On the downside, strong put OI is visible around $1,840 and $1,780–$1,800, suggesting notable support below current prices. The PCR at 0.90 indicates a mildly call-heavy positioning, while max pain at $1,900, almost exactly in line with ETH’s current price near $1,894, points to potential consolidation around the $1,890–$1,900 zone into expiry.
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USA WEEK AHEAD (IST): [HIGH IMPACT DATA]
Tuesday, August 18: 6:00 PM - Housing Starts & Building Permits
Tuesday, August 18: 6:45 PM - Industrial Production
Wednesday, August 19: 11:30 PM - FOMC Minutes
Thursday, August 20: 6:00 PM - Initial Jobless Claims & Philly Fed
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Delta Exchange Team